28.03.2025 09:31
A change has been made to the cash limit that must be declared when traveling abroad. According to the new regulation, which has been published in the Official Gazette and has come into effect, the upper limit has been set at 185,000 Turkish lira, up from the previous limit of 25,000 Turkish lira.
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With the new change, there has been a significant change in the amount of cash you can carry when traveling abroad. The "Communiqué on the Amendment of the Communiqué Regarding the Decision No. 32 on the Protection of the Value of Turkish Currency" prepared by the Ministry of Treasury and Finance has been published in today's Official Gazette and has come into effect.
According to the said communiqué, the upper limit, which was 25 thousand lira, has been increased to 185 thousand lira. Passengers carrying more than 185 thousand TL in Turkish currency and documents enabling payment in Turkish currency will be required to declare this to the customs authorities using the cash declaration form published by the Ministry of Trade.
REGULATION ON FOREIGN ADVERTISING TARGETED AT TURKISH INVESTORS
In another change, the purchase and sale of securities traded in foreign financial markets, as well as other capital market instruments, including futures and options contracts, will be conducted through banks and brokerage firms authorized by the Capital Markets Board, provided that the payment transfers are made through banks. However, provided that no promotional, advertising, and marketing activities are conducted targeting residents in Turkey, it will not be mandatory for derivative transactions conducted by residents in Turkey with foreign financial institutions to be carried out through banks and brokerage firms, although payment transfers related to these transactions will be required to be made through banks.
NEW RULE FOR LEVERAGED TRANSACTIONS
Residents in Turkey are free to buy and sell leveraged transactions and derivative instruments that are subject to the same provisions only through institutions authorized by the Capital Markets Board. Transactions cannot be intermediated by persons other than those authorized by the Capital Markets Board, and transfers related to these transactions cannot be made abroad. Necessary measures will be taken in accordance with the ninth paragraph of Article 6 of Decision No. 32 to prevent these transactions. In the event of detection of transactions contrary to this paragraph, notification will be made to the Ministry.
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